| Product Code: ETC7911630 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import shipments of forming fluids in 2024 continued to be dominated by key trade partners such as Germany, Lithuania, Poland, Estonia, and Finland. The market remained relatively competitive with a low Herfindahl-Hirschman Index (HHI) concentration, indicating a diverse range of suppliers. However, the industry saw a negative compound annual growth rate (CAGR) of -2.25% from 2020 to 2024, with a significant decline in growth rate from 2023 to 2024 at -16.37%. This suggests a challenging market environment for forming fluid imports in Latvia, potentially impacted by various economic factors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Forming Fluids Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Forming Fluids Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Forming Fluids Market - Industry Life Cycle |
3.4 Latvia Forming Fluids Market - Porter's Five Forces |
3.5 Latvia Forming Fluids Market Revenues & Volume Share, By Product Type:, 2021 & 2031F |
3.6 Latvia Forming Fluids Market Revenues & Volume Share, By Application:, 2021 & 2031F |
4 Latvia Forming Fluids Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Forming Fluids Market Trends |
6 Latvia Forming Fluids Market, By Types |
6.1 Latvia Forming Fluids Market, By Product Type: |
6.1.1 Overview and Analysis |
6.1.2 Latvia Forming Fluids Market Revenues & Volume, By Product Type:, 2021- 2031F |
6.1.3 Latvia Forming Fluids Market Revenues & Volume, By Rolling Oils, 2021- 2031F |
6.1.4 Latvia Forming Fluids Market Revenues & Volume, By Hydroforming Fluids, 2021- 2031F |
6.1.5 Latvia Forming Fluids Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Forming Fluids Market, By Application: |
6.2.1 Overview and Analysis |
6.2.2 Latvia Forming Fluids Market Revenues & Volume, By Primary Metals, 2021- 2031F |
6.2.3 Latvia Forming Fluids Market Revenues & Volume, By Transportation Equipment, 2021- 2031F |
6.2.4 Latvia Forming Fluids Market Revenues & Volume, By Fabricated Metal Products, 2021- 2031F |
6.2.5 Latvia Forming Fluids Market Revenues & Volume, By Machinery, 2021- 2031F |
6.2.6 Latvia Forming Fluids Market Revenues & Volume, By Metal Cans, 2021- 2031F |
6.2.7 Latvia Forming Fluids Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Forming Fluids Market Import-Export Trade Statistics |
7.1 Latvia Forming Fluids Market Export to Major Countries |
7.2 Latvia Forming Fluids Market Imports from Major Countries |
8 Latvia Forming Fluids Market Key Performance Indicators |
9 Latvia Forming Fluids Market - Opportunity Assessment |
9.1 Latvia Forming Fluids Market Opportunity Assessment, By Product Type:, 2021 & 2031F |
9.2 Latvia Forming Fluids Market Opportunity Assessment, By Application:, 2021 & 2031F |
10 Latvia Forming Fluids Market - Competitive Landscape |
10.1 Latvia Forming Fluids Market Revenue Share, By Companies, 2024 |
10.2 Latvia Forming Fluids Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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